CAD/CHF

- CHF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	CADCHF
ISIN:

CAD/CHF - Daily - Technical analysis published on 08/14/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

44%

28%

My opinion

Bearish under 0.6682 CHF

My targets

0.6481 CHF (-0.0042)

My analysis

The bearish basic trend is very strong on CAD/CHF but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.6682 CHF. Crossing the first support at 0.6481 CHF would be a sign of a further potential price plummet. Caution, a return to above the resistance located at 0.6682 CHF would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

4.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CAD/CHF price is 0.6523 CHF. On the day, this instrument lost -0.02% and was traded between 0.6503 CHF and 0.6551 CHF over the period. The price is currently at +0.31% from its lowest and -0.43% from its highest.

0.6503

0.6551

0.6523

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CAD/CHF in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 5 are neutral and 5 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.6481	0.6523	0.6682	0.6790	0.6930
Change (%)	-0.64%	-	+2.44%	+4.09%	+6.24%
Change	-0.0042	-	+0.0159	+0.0267	+0.0407
Level	Major	-	Intermediate	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6465	0.6479	0.6502	0.6516	0.6539	0.6553	0.6576
Camarilla	0.6514	0.6517	0.6521	0.6524	0.6527	0.6531	0.6534
Woodie	0.6469	0.6481	0.6506	0.6518	0.6543	0.6555	0.6580
Fibonacci	0.6479	0.6494	0.6502	0.6516	0.6531	0.6539	0.6553

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6430	0.6462	0.6493	0.6525	0.6556	0.6588	0.6619
Camarilla	0.6507	0.6513	0.6518	0.6524	0.6530	0.6536	0.6541
Woodie	0.6430	0.6462	0.6493	0.6525	0.6556	0.6588	0.6619
Fibonacci	0.6462	0.6486	0.6501	0.6525	0.6549	0.6564	0.6588

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6151	0.6316	0.6461	0.6626	0.6771	0.6936	0.7081
Camarilla	0.6522	0.6550	0.6579	0.6607	0.6635	0.6664	0.6692
Woodie	0.6142	0.6311	0.6452	0.6621	0.6762	0.6931	0.7072
Fibonacci	0.6316	0.6434	0.6507	0.6626	0.6744	0.6817	0.6936

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	39.18
MACD (12,26,9):	-0.0034
Directional Movement:	-9.0612
AROON (14):	14.2857
DEMA (21):	0.6511
Parabolic SAR (0,02-0,02-0,2):	0.6607
Elder Ray (13):	-0.0015
Super Trend (3,10):	0.6645
Zig ZAG (10):	0.6521
VORTEX (21):	0.9880
Stochastique (14,3,5):	27.32
TEMA (21):	0.6508
Williams %R (14):	-73.68
Chande Momentum Oscillator (20):	-0.0051
Repulse (5,40,3):	0.0372
ROCnROLL:	2
TRIX (15,9):	-0.0839
Courbe Coppock:	0.80

MA7:	0.6525
MA20:	0.6548
MA50:	0.6659
MA100:	0.6662
MAexp7:	0.6529
MAexp20:	0.6559
MAexp50:	0.6616
MAexp100:	0.6679
Price / MA7:	-0.03%
Price / MA20:	-0.38%
Price / MA50:	-2.04%
Price / MA100:	-2.09%
Price / MAexp7:	-0.09%
Price / MAexp20:	-0.55%
Price / MAexp50:	-1.41%
Price / MAexp100:	-2.34%

Quotes : - Real time data - Forex

News

The last news published on CAD/CHF at the time of the generation of this analysis was as follows:

CAD/CHF Finds the Proper Blend of Fuel and Clearance for Reversal

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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